Italtile director Nkateko Khoza partially releases pledged shares

Italtile Limited (JSE:ITE) announced today that Dzana Investments Proprietary Limited ("Dzana"), a company of which non-executive director Ms. Nkateko Khoza is Chief Executive Officer and a 20% shareholder, has obtained consent to release a portion of its pledged Italtile ordinary shares. The release pertains to shares with an aggregate purchase price not exceeding ZAR10,000,000. The disposal of these shares on the open market must occur no later than April 30, 2025. The shares had been pledged as security for Dzana's guarantee of a loan made by Rallen Proprietary Limited to Hoyohoyo Hotels and Resorts Proprietary Limited. As of March 31, 2025, the outstanding financial obligation under the loan was ZAR42,803,961.49. The initial pledge, involving 3,397,264 Italtile shares, was announced on June 28, 2024.